An investor purchased 180 shares of Mallard common stock at $20 per share on March 15 . On December 31 , the stock was quoted at $19 per share and Mallard declared and paid a dividend of $1.50 per share. On June 5 of the following year, the investor sold all 180 shares for $22 per share. On December 31 of each year the Fair Value Adjustment account is adjusted. Assuming the investment is measured at FV-NI, provide the journal entries to be made at each of the following dates. a. March 15, Year 1. b. December 31, Year 1. c. June 5 , Year 2. d. December 31, Year 2. Note: If a journal entry isn't required for the transaction, select "N/ADebit" and "N/ACredit" as the account names and leave the Dr. and Cr. answers blank (zero). \begin{tabular}{|c|c|c|c|} \hline Date & Account Name & Debit & Credit \\ \hline \multirow[t]{3}{*}{ (a) Mar. 15, Year 1} & v & & \\ \hline & & & \\ \hline & To record investment purchase. & & \\ \hline \multirow[t]{3}{*}{ (b1) Dec. 31, Year 1} & v & & \\ \hline & & & \\ \hline & Torecorddividends. & & \\ \hline \multirow[t]{3}{*}{ (b2) Dec. 31, Year 1} & v & & \\ \hline & v & & \\ \hline & To adjust investment to fair value. & & \\ \hline \multirow[t]{4}{*}{ (c) June 5, Year 2} & v & & \\ \hline & v & & \\ \hline & v & & \\ \hline & To record sale of investment. & & \\ \hline \multirow[t]{3}{*}{ (d) Dec. 31, Year 2} & v & & \\ \hline & v & & \\ \hline & To adjust FVA account at year-end. & & \\ \hline \end{tabular} Check